Cytec invests $100M in Niagara chemical plant expansion
Will add products and produce phosphine, phosphine derivatives for world markets.
NIAGARA FALLS, Ont.: Cytec Canada Inc. is investing $100 million in the expansion of its Niagara Falls, Ont. operation where it produces phosphine and phosphine derivatives for worldwide markets.
The chemical producer, a wholly owned subsidiary of Cytec Industries Inc. in West Paterson, NJ, will build a new plant beside its existing facility in Niagara Falls, which is operating at capacity.
It’s the only plant in North America and the largest of only three in the world producing phosphine (PH3) and phosphine derivatives used in a range of materials, such as electronics for LEDs, mineral processing, solvent extraction and fumigation, durable textile flame retardants and intermediates for catalysts, phosphonium salts and UV photo initiators.
The project is getting a $10 million repayable contribution from the Government of Canada’s FedDev Ontario program, which the company says will create 30 new jobs and help maintain 105 existing positions.
Research staff at the Niagara facility will also be working to bring new products to market.
Construction of the buildings is underway and is to be completed by March 31, 2014.
Cytec has locations in North America, Latin America, Asia-Pacific, Europe and Africa.